On-Chain Data

Golden Finance reported that on March 24, according to Token Terminal data, the combined daily active addresses across Layer 1 blockchains reached 18 million, with BNB Chain ranking first.

Ripple's RLUSD stablecoin has undergone significant token burns on Ethereum, with 40 million RLUSD permanently removed from circulation. These burns reflect normal operations associated with a fully backed stablecoin, maintaining supply integrity. Despite concerns about falling demand, recent burns indicate consistent institutional usage and liquidity management. RLUSD continues to show strong market presence, currently valued at approximately $1.48 billion.

According to analyst monitoring, the flash loan attacker on the Venus platform transferred 1743 ETH, with the address holdings reaching 7450 ETH, and funds being used for Aave yield farming. Venus has experienced multiple security incidents since 2021, with losses exceeding $270 million.

Strategy, led by Michael Saylor, purchased 1,031 BTC for $76.6M, bringing total holdings to 762,099 BTC. This more measured acquisition follows previous larger buys and is funded through common stock sales. Current holdings are valued around $54B, about 7% below acquisition cost.

The article discusses maximal extractable value (MEV) in Ethereum transactions and its influencing factors. Transactions first enter the mempool, where searchers generate MEV opportunities through front-running and sandwich attacks. Block builders optimize transaction ordering to ensure profitability and win block production rights. The centralization risks and incentive mechanisms in this process have significant impacts on transaction execution, driving industry development and technological optimization.

Open contracts on Hyperliquid's HIP-3 market surged to a record $1.74 billion, a 25% increase since mid-March. This growth is driven by the platform's 24/7 trading ability, fueled by geopolitical tensions affecting oil prices, benefiting both the platform and its native token, HYPE.

Bitmine has significantly increased its Ethereum holdings to 4.66 million ETH, representing 3.86% of the total supply, after purchasing over 65,000 ETH weekly. The company stakes 67% of these holdings, generating substantial revenue while expanding its crypto treasury to $11 billion.

Gate News bot message, a newly created wallet withdrew 10,899 ETH from a centralized exchange, valued at $23.5 million. The withdrawal was made for staking purposes.

Gate News bot message, a newly created wallet has withdrawn 9,701 ETH valued at $20.9 million from a centralized exchange for staking purposes.

Gate News reports that on March 24, according to Onchain Lens monitoring, an address associated with Forward Industries withdrew 4648 ETH from a certain CEX, valued at approximately $9.95 million.

BNB Chain's AI concept token SIREN has recently surged in price with gains exceeding 800%, and its market cap has broken through $1.5 billion. However, analysts have expressed concerns about the sustainability of the rally, pointing out that large holders are concentrating significant token holdings and may trigger severe pullback risks. The market needs to be vigilant about price volatility caused by concentrated supply.

Bitcoin's correlation with gold has significantly declined, hitting its lowest level since 2022, which the market views as a potential cycle turning signal. Analysis suggests that Bitcoin may have entered a bottom-building phase, and whale addresses holding Bitcoin have increased, indicating that large capital is still positioning. Meanwhile, gold has formed a bearish structure, which may drive capital flows toward digital assets. In the short term, Bitcoin's movement is affected by macroeconomic data, but the overall structure demonstrates enhanced resilience.

On March 23rd, US spot Bitcoin ETFs recorded net inflows of $167 million, ending three consecutive days of outflows and signaling a shift of capital toward Bitcoin. Meanwhile, gold ETFs faced significant outflows, primarily due to the Federal Reserve's high interest rates increasing the opportunity cost of holding gold, causing funds to pivot toward assets like Bitcoin. The correlation between Bitcoin and gold fell to -0.88, indicating a strong negative correlation between the two.

On March 24, cryptocurrency platform Mt. Gox transferred a Bitcoin transaction valued at approximately $500, and although the amount was modest, it drew market attention. Mt. Gox currently still holds $2 billion in Bitcoin assets, with the transaction being interpreted as a potential repayment signal. The market is highly sensitive to its movements, which may impact investor expectations and market volatility. Analysts believe that every move by Mt. Gox carries significant market implications, and subsequent transfer activities will influence changes in Bitcoin's supply-side dynamics.

Bitmine Immersion Technologies has recently increased its holdings by 65,341 ETH, indicating that the "mini cryptocurrency winter" has come to an end. Since the Iran conflict, Ethereum has performed exceptionally well relative to other assets, surpassing gold by 33 percentage points, and demonstrating a strong "wartime" store-of-value function. Currently, Bitmine holds 4.6 million ETH, and still needs an additional $2.9 billion in investment to reach its 5% portfolio allocation target.

Bitmine Immersion Technologies Chairman Tom Lee stated that the "mini winter" in the crypto market is ending. The company has been actively purchasing ETH recently, with current holdings exceeding 4.6 million coins, representing 3.86% of total circulation. The company sees positive signals in market stabilization and the advancement of the CLARITY Act, with ETH up 18% since the Iran conflict.

In Q4 2025, TRON solidified its role as a leading infrastructure for retail stablecoin payments, increasing daily active users and processing significant transaction volumes, while expanding integrations with major platforms.

Gate News report: On March 24, according to The Data Nerd monitoring, market maker FlowDesk deposited a total of 6,088 ETH (approximately $13.12 million) and 1.62 million LINK (approximately $14.82 million) to a certain CEX, with the total value of both transfers approximately $27.94 million.